Are top CEOs worth millions? Why we need to think about carers'? leave, and more top news
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Are top CEOs worth millions? Why we need to think about carers' leave, and more top news

The news Australian professionals are talking about now, curated by LinkedIn’s editors. Join the conversation in the comments below.

A new report shows that 2018 was a good year to be the boss of a big company. The median take-home pay of ASX100 CEOs was $4.5M, and only one eligible CEO didn't receive a bonus (Domino's boss Don Meij), according to the Australian Council of Superannuation Investors. Qantas chief Alan Joyce topped the list, with a realised pay of $23.9M. Given the average Australian full-time wage is only $86,736, some are calling for the introduction of a UK model in which CEO pay is measured against that of workers. ? Here’s what people are saying. 

Our ageing population presents an issue businesses will increasingly need to confront. While existing leave arrangements can provide some help for workers who care for their elderly parents, the Australian HR institute writes that this scenario is predicted to become increasingly common, and that it is often senior female managers who find themselves confronting this challenge. Studies have found women are more likely to quit for family or personal reasons —including unpaid care — than men. Does more need to be done? ? Here’s what people are saying. 

Aquaculture is a boom industry revitalising some of Australia’s small towns. According to ABC News, operations growing seafood such as abalone have, within the space of a decade, become the largest employers in Bremer Bay and Augusta, two small seaside towns in Western Australia. According to the report, the WA government is looking to aquaculture to help fulfil a promise of 30,000 new regional jobs — with this "gold rush" of food offering potential for regional regions right across Australia. ? Here’s what people are saying.

Australia increasingly rocky relationship with China is hurting the tourism industry. Tourism Australia managing director Phillipa Harrison told the AFR that this tension as well as the US-China trade war is having an impact on the flow of tourists coming from China – Australia’s top tourism market. While she said the impact hasn't been substantial, recent figures show the growth rate in the number of Chinese tourists visiting Australia each year slowed in 2018-19. ? Here’s what people are saying.

If your work involves a computer, chances are you're being monitored in more ways than you can imagine. Employers are checking everything from intellectual property theft to website search activity. IT departments regularly bug computers, and even record the computer's screen at all times, according to Axios. Email monitoring that was once rudimentary in its ability to search for keywords can now scan for emotional cues and even predict if someone is likely to quit. ? Here’s what people are saying.

Idea of the Day: By having an inclusive workforce, businesses can multiply the impact they would otherwise have had, Banyan Tree Executive Chairman Ho Kwon Ping tells LinkedIn.

“An inclusive future for me is one where you really have the benefits of creativity, resilience, and sense of belonging that is created when all the disparate members of a society, including the outliers, all feel that they can contribute to that society.”

What's your take on today’s stories? Share your thoughts in the comments.

— Ben Collins

Steve Gregory

International Leadership and Performance Expert ?? Coach, Consultant & Trainer ?? CEO Black Bull Performance Group ?? Next Level Results for Board Directors Business Owners and C Suite through Conscious Leadership

5 年

Supply and demand should set the price, As for value - ask their people, customers and their shareholders. A board could reasonably argue it was their vision and guidance that laid the framework for the CEO's success. Perception is reality and the reality is that the truth lies somewhere in between. Success is never a solo sport although the salary certainly is. Qantas is not the same airline it once was. Still my preferred airline. Standards have slipped. Not the best Qantas CEO ever, although the best perhaps at self promotion.? I don't begrudge him his salary. If the system allows it, so be it. If we want change, change the system that allows it rather than attacking the individual who benefits from it.

Robert Pekin

Food and Agricultural systems solutions designer specializing in place based infrastructure, food hubs, values based resilient supply chains and Investment solutions for a thriving regional & truly circular food economy

5 年
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ALAN CLARK

Professional Facilities & Asset Management

5 年

But imagine the Recruitment Agency fees for finding somebody on a $23mil salary package !!

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Capitalism at its best. It's not about what you are worth, it's about what you can get. Mum and Dad shareholders don't get a look in as it's the large institutions who decide who gets what. It's all about self-interest. A large superannuation fund invests in a company whose CEO is paid $millions. If the executive of the fund agitates for the CEO to be paid less then it might backfire on the CEO of the fund. No! Better to stay silent.

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